Computer Software Innovations, Inc. Watch

from 8-K 3 pages September 28, 2012 Computer Software Innovations, Inc. 1661 East Main Street, Suite a Easley, South Carolina 29642 Attention: David Dechant, Chief Financial Officer Re: Credit Agreement, Dated as of March 6, 2012, Between Computer Software Innovations, Inc. (The “Borrower”) and Fifth Third Bank (The “Lender”) (As Amended From Time to Time, the “Credit Agreement”) Dear Mr. Dechant

from 8-K 49 pages Background Statement

from 8-K 6 pages Section 1. Rate of Accrual. Interest Will Accrue on the Unpaid Principal Balance at the Rate Set Forth in Section 1.2.1. Until Maturity of This Note, Whether Such Maturity Occurs by Acceleration or on the Maturity Date. Interest Will Accrue on Any Unpaid Balance Owing Under This Note, Whether Principal, Interest, Fees, Premiums, Charges or Costs and Expenses, After Maturity at the Rate Set Forth in Section 1.2.2. All Accrual Rates of Interest Under This Note Will Be Contract Rates of Interest, Whether a Pre-Default Rate or a Default Rate, and References to Contract Rates in Any Loan Documents Executed and Delivered by Borrower or Others to Bank in Connection With This Note Shall Be to Such Contract Rates. Section 2. Interest Rates

from 8-K/A 2 pages Modification to Revolving Facility

from 8-K 2 pages Modification to Revolving Facility

from 8-K 3 pages Rbc Centura Bank (“Bank”) Is Pleased to Extend This Commitment to Make the Revolving Facility (The “Loan”) Described in This Letter to the Borrower Identified Below. the Loan Will Be Made on the Terms and Conditions Set Forth in This Letter and Any Attachments to This Letter. Bank’s Commitment Set Forth in This Letter Shall Be Referred to as the “Commitment” and This Letter Shall Be Referred to as the “Commitment Letter”. Any Capitalized Terms Shall Have the Meanings Ascribed to Them in the Amended and Restated Loan and Security Agreement Dated January 2, 2007 (The “Loan Agreement”) and the Commercial Promissory Note Dated January 2, 2007 Related to This Loan. 1. General Terms

from 8-K 6 pages Section 1.1. Rate of Accrual. Interest Will Accrue on the Unpaid Principal Balance at the Rate Set Forth in Section 1.2.1. Until Maturity of This Note, Whether Such Maturity Occurs by Acceleration or on the Maturity Date. Interest Will Accrue on Any Unpaid Balance Owing Under This Note, Whether Principal, Interest, Fees, Premiums, Charges or Costs and Expenses, After Maturity at the Rate Set Forth in Section 1.2.2. All Accrual Rates of Interest Under This Note Will Be Contract Rates of Interest, Whether a Pre-Default Rate or a Default Rate, and References to Contract Rates in Any Loan Documents Executed and Delivered by Borrower or Others to Bank in Connection With This Note Shall Be to Such Contract Rates. Section 1.2. Interest Rates

from 8-K 27 pages Agreement

from 8-K 3 pages Rbc Centura Bank (“Bank”) Is Pleased to Extend This Commitment to Extend the Maturity Date of the Current Revolving Facility (The “Loan”) as Described in This Letter to the Borrower Identified Below. the Extension of the Loan Will Be Made on the Terms and Conditions Set Forth in This Letter and Any Attachments to This Letter. Bank’s Commitment Set Forth in This Letter Shall Be Referred to as the “Commitment” and This Letter Shall Be Referred to as the “Commitment Letter.” Any Capitalized Terms Shall Have the Meanings Ascribed to Them in the Amended and Restated Loan and Security Agreement Dated January 2, 2007 and the Commercial Promissory Note Dated January 2, 2007 Related to This Loan. 1. General Terms

from 8-K 1 page Modification to Revolving Facility

from 8-K 5 pages Section 1.1. Rate of Accrual. Interest Will Accrue on the Unpaid Principal Balance at the Rate Set Forth in Section 1.2.1. Until Maturity of This Note, Whether Such Maturity Occurs by Acceleration or on the Maturity Date. Interest Will Accrue on Any Unpaid Balance Owing Under This Note, Whether Principal, Interest, Fees, Premiums, Charges or Costs and Expenses, After Maturity at the Rate Set Forth in Section 1.2.2. All Accrual Rates of Interest Under This Note Will Be Contract Rates of Interest, Whether a Pre-Default Rate or a Default Rate, and References to Contract Rates in Any Loan Documents Executed and Delivered by Borrower or Others to Bank in Connection With This Note Shall Be to Such Contract Rates. Section 1.2. Interest Rates. 1.2.1. Pre-Default Rate. Subject to the Provisions of Section 1.2.2. Below, Interest Payable on This Note Per Annum Will Accrue at the Fixed Rate of Seven and Eighty-Five One Hundredths Percent

from 8-K 5 pages Section 1.1. Rate of Accrual. Interest Will Accrue on the Unpaid Principal Balance at the Rate Set Forth in Section 1.2.1. Until Maturity of This Note, Whether Such Maturity Occurs by Acceleration or on the Maturity Date. Interest Will Accrue on Any Unpaid Balance Owing Under This Note, Whether Principal, Interest, Fees, Premiums, Charges or Costs and Expenses, After Maturity at the Rate Set Forth in Section 1.2.2. All Accrual Rates of Interest Under This Note Will Be Contract Rates of Interest, Whether a Pre-Default Rate or a Default Rate, and References to Contract Rates in Any Loan Documents Executed and Delivered by Borrower or Others to Bank in Connection With This Note Shall Be to Such Contract Rates. Section 1.2. Interest Rates. 1.2.1. Pre-Default Rate. Subject to the Provisions of Section 1.2.2. Below, Interest Payable on This Note Per Annum Will Accrue at the Rate of Seven and Eighty-Five One-Hundredths Per Cent (7.85%)

from 8-K 6 pages Section 1.1. Rate of Accrual. Interest Will Accrue on the Unpaid Principal Balance at the Rate Set Forth in Section 1.2.1. Until Maturity of This Note, Whether Such Maturity Occurs by Acceleration or on the Maturity Date. Interest Will Accrue on Any Unpaid Balance Owing Under This Note, Whether Principal, Interest, Fees, Premiums, Charges or Costs and Expenses, After Maturity at the Rate Set Forth in Section 1.2.2. All Accrual Rates of Interest Under This Note Will Be Contract Rates of Interest, Whether a Pre-Default Rate or a Default Rate, and References to Contract Rates in Any Loan Documents Executed and Delivered by Borrower or Others to Bank in Connection With This Note Shall Be to Such Contract Rates. Section 1.2. Interest Rates

from 8-K 28 pages Agreement

from 8-K 3 pages Rbc Centura Bank Attn: Mr. Charles Arndt 531 South Main Street, 2nd Floor Greenville, Sc 29601 Re: Waiver of Certain Provisions of Loan Documents Dear Mr. Arndt

from 8-K 8 pages Business Loan Agreement

from 8-K 1 page February 23, 2006 Computer Software Innovations, Inc. 1661 East Main Street Easley, Sc 29640 Loan Number: 292950300101001 Re: Promissory Note From Computer Software Innovations, Inc. (“Borrower”) to Rbc Centura Bank (“Rbc Centura”), Dated March 14, 2005, in the Original Principal Amount of $3,000,000.00. Dear Nancy K. Hedrick

from 8-K 22 pages Rbc Centura Loan Agreement

from 8-K 6 pages Section 1.1. Rate of Accrual. Interest Will Accrue on the Unpaid Principal Balance at the Rate Set Forth in Section 1.2.1. Until Maturity of This Note, Whether Such Maturity Occurs by Acceleration or on the Maturity Date; And, at Bank’s Option, Interest at the Foregoing Rate Will Accrue on Any Unpaid Interest Before Such Maturity. Interest Will Accrue on Any Unpaid Balance Owing Under This Note, Whether Principal, Interest, Fees, Premiums, Charges or Costs and Expenses, After Maturity at the Rate Set Forth in Section 1.2.2. All Accrual Rates of Interest Under This Note Will Be Contract Rates of Interest, Whether a Pre-Default Rate or a Default Rate, and References to Contract Rates in Any Loan Documents Executed and Delivered by Borrower or Others to Bank in Connection With This Note Shall Be to Such Contract Rates. Section 1.2. Interest Rates

from 8-K 10 pages Borrower Computer Software Innovations, Inc. (Csi), a Delaware Corporation. Loan Amount Up to Three Million Dollars ($3,000,000) as Shown Below. Type of Loan “Revolving Facility” – A Revolving Loan of Up to Three Million Dollars ($3,000,000). Purpose of Loan the Revolving Facility Shall Be Used for Working Capital Purposes and for the Recapitalization of Borrower. Interest Rate the Revolving Facility Shall Bear Interest at a Variable Rate Equal to “Libor” Plus 275 Basis Points. “Libor” Is the London Interbank Offered Rate for a Given One-Month Period. Payment Terms Revolving Facility - Subject to the Terms and Conditions of the Loan Documents, Interest at the Revolving Facility Interest Rate Shall Be Paid Monthly, in Arrears. This Begins the First Day of the First Calendar Month Following the Closing Date and Continuing on the Same Calendar Day of Each Consecutive Month Thereafter Until 364th Day Following the Closing Date, When the Principal Outstanding and All Accrued but Unpaid Interest Shall Be Due and Payable in Full. Computer Software Innovations, Inc. February 10, 2005